Torch River Resources Ltd.

Torch River Resources Ltd.

March 14, 2005 11:14 ET

Torch River Resources Ltd., Announces Completed Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TORCH RIVER RESOURCES LTD.

TSX VENTURE SYMBOL: TCR

MARCH 14, 2005 - 11:14 ET

Torch River Resources Ltd., Announces Completed
Private Placement

CALGARY, ALBERTA--(CCNMatthews - March 14, 2005) - Torch River Resources
Ltd., (TSX VENTURE:TCR) announces that it has completed a non brokered
private placement of $150,000.00, by issuing 1,000,000 units at $0.15
per unit. Each unit consists of one common share and one warrant. Each
warrant entitles the holder to acquire one additional common share at a
price of $0.20 per share.

The proceeds from the private placement will be used by the Company to
provide working capital. This private placement is subject to regulatory
approval.

The Company has continued exploration on the High Rock Island property
in northern Manitoba. A 1,000 pound bulk sample will be processed by
early May 2005.


ON BEHALF OF THE BOARD OF DIRECTORS OF TORCH RIVER RESOURCES LTD.

Ronald M. Burko

Director and President

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Torch River Resources Ltd.
    Ronald M. Burko
    Director and President
    (306) 978-4444
    (306) 668-9996 (FAX)
    Website: www.torchriver.ca
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of the content of this news release.